In the first half of 2018, total domestic petrol consumption in Vietnam reached about 4.43 million cubic metres, of which consumption of E5 RON92 reached about 1.78 million cubic metres, accounting for 40.18 per cent, a year-on-year increase of 31.18 per cent.

Consumption of RON95 gasoline reached about 2.65 million cubic metres, accounting for about 59.82 per cent of total consumption, according to statistics from the Ministry of Industry and Trade (MoIT).

The growth in the consumption of E5 RON92 gasoline in the reviewed period is due to its deployment for mass commercial operations nationwide, said Nguyen Loc An, deputy head of MoIT’s Domestic Market Department.

In the reviewed period, the supply of petroleum has always met the demands of production and business, as well as personal consumption. There were no shortages of gasoline in any situation and national energy security was ensured.

Retail prices of petroleum products are generally determined by wholesale traders and petrol distributors, however, the retail prices are not higher than the base price of petrol and oil announced by the MoIT and Ministry of Finance. — VNS